In short, the card offers no annual fee, 1% cash back when you use the card, 2% when you pay with Apple Pay, and 3% cash back on Apple Store/iTunes purchases and Uber.

There are other gimmicks. You get the cash back every day in your Apple wallet, but that doesn’t add much real value over waiting for your statement to close to get cash back on other cards. There are no late fees, but that’s something that you should never pay as you should have all of your credit cards set to autopay. Of course you’ll still pay interest, which is their real incentive in waiving late fees. Plus, as it’s a consumer card carrying a balance will hurt your credit score.

There is a hard pull to get the card, but there is no signup bonus.

There are much better options out there.

If you want cash back with no annual fee, you can get the Citi Double Cash card.That gives 2% cashback everywhere, not just where you use Apple Pay. That card also has no signup bonus, but it does offer 18 months of 0% interest on balance transfers.

If you want a no annual fee business card, the American Express® Blue Business Cash Card offers 2% back everywhere, though that is capped at $50,000 in annual spending. Personally I prefer The Blue Business℠ Plus Credit Card from American Express. It’s basically the same card offering, but it earns points instead of cash back. It too has no annual fee and earns 2 points per dollar on up to $50,000 of spending per calendar year. As I value AMEX points at about 1.5 cents each, that makes it 50% more valuable than the cash card and means you’ll effectively get 3% back everywhere.

If you’re looking for cash back and a signup bonus to boot, the Capital One® Spark® Cash for Business offers $500 cash back for spending $4,500 in 3 months and offers 2% cash back everywhere. That card has a $95 annual fee, though it’s waived for the first year. There are no foreign transaction fees. You can also convert the cash back into miles if you have the Capital One® Spark® Miles for Business.

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All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.

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J

Yes!

Reply

August 22, 2019 12:23 pm

Gittel

Love these posts. Will need some time to read it thru thoroughly. Thanks Dan.

Reply

August 22, 2019 12:24 pm

AC

But it looks nice! And its apple!
Gotta get it!

Reply

August 22, 2019 12:24 pm

Dan

😀

Reply

August 22, 2019 12:26 pm

ktc

right gotta have it!
(good thing I don’t have a single piece of stuff from that company)

Reply

August 22, 2019 1:50 pm

Eli

“but that’s something that you should never pay as you should have all of your credit cards set to autopay”
I find it that when signed up for autopay, I never review the statement, at least when doing the payment myself, I run over the statement first.

Reply

August 22, 2019 12:24 pm

Dan

That’s why I still get paper statements. I always comb through them when they arrive.

Autopay is a great way to ensure you don’t miss a payment.

Reply

August 22, 2019 12:27 pm

AB

If all you are worried is about late or missed payments just set auto pay to minimum payment. This way you still have to go and pay manually, checking your transactions and making sure there is enough cash in the account to cover the payment.

Reply

August 22, 2019 1:46 pm

Ed Travel

What I do. I set all my due dates very similar to each other in that way I can sit down for a couple of hours once a month and review and pay the bills. In that way I don’t miss anything.

Reply

August 22, 2019 2:17 pm

user

you don’t pay off most of it before the closing date?

Reply

September 12, 2019 3:24 am

Reuven

This was quite useful. Thank you.

Reply

August 22, 2019 12:25 pm

Carded by Apple

This posted just after I applied for the Apple Card. Ugh, the timing.

Reply

August 22, 2019 12:25 pm

J

same here, lol

Reply

August 22, 2019 12:34 pm

AK770

If Apple offers you a better WAY to pay, look into it. If they’re just looking to jump in the CC game, avoid them. It’s not their specialty.

Reply

August 22, 2019 12:42 pm

Peretz770

I may be a lone dissenter but I love the Apple Card. The convenience of it being in the wallet app (so you don’t have to log into your cc’s individual app), the speed of cash back availability, and encouragement of the use of Apple Pay (which I never used before I got the card), plus they’re going to add more companies to the 3% deal, is why I love this card. It’s way more user friendly and convenient than any other card I’ve ever had.

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August 22, 2019 12:38 pm

Dan

Apple is really trailing Samsung here. Samsung Pay works everywhere and stores all of my cards.

Why would I waste a hard pull for a card that gets 2% back at limited stores when another card gets 2% back everywhere?

Why care about 3% back on Uber when other cards do better?

That leaves the instant gratification of daily cash. Meh.

Reply

August 22, 2019 12:52 pm

Ariel A.

i Was wondering about this, does Samsung pay also store business cards? Apple Pay stores all my consumer cards but for some reason my chase business cards don’t work.

As for working everywhere, for some reason some stores that support Apple Pay didn’t work properly, at least for me in NYC. Did you ever have that problem with Samsung Pay Dan?

I just hope Apple doesn’t start limiting the functionality of Apple Pay so we’re forced to use their card. Bleh

Reply

August 22, 2019 2:05 pm

Jim

Cause Samsung phones are trash

Reply

August 22, 2019 2:30 pm

3li

But their watches are much classier than the Apple Square from the 80s. And work 100% of the time – even with other phones!

Reply

August 22, 2019 11:33 pm

lindnuck

I have an Amex and a Chase in my wallet app, and I use those to source Apple Pay. I don’t have to log into anything, it releases them with Face ID.

Reply

August 22, 2019 2:18 pm

Annoyed

The most annoying part about the Apple Card is that it will not link up to third party software such as mint or YNAB which is a deal breaker for me

Reply

August 22, 2019 12:45 pm

Bob dole

The Fidelity Visa has no annual fee and 2% cash back, which are deposited directly into your Fidelity account. Not too sure about the other perks.

Reply

August 22, 2019 12:51 pm

Ejb

Where do they advise you not to keep in leaner wallet? I just see message that leather may cause discoloration.

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August 22, 2019 12:51 pm

JJ

Who said leaner?

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August 22, 2019 12:52 pm

3li

I prefer a fat wallet anyway.
And of course all Apple Fanboys & Fangirls will hate to see their new slick card look discolored… appearance (and being seen as hip & cool) are all that matters for the Apple crowd.

Reply

August 22, 2019 11:36 pm

Eli Cohen

What’s your thought of the citi DC vs PayPal Mastercard, from what I know citi is slashing benefits, but the PayPal card also has problems with dealing with synchrony.

Reply

August 22, 2019 12:53 pm

Applepie

I have had the PayPal MasterCard for two years now, and have never had any issues with synchrony. I just took the card to Israel for well over a month, and rarely had to use cash, as my card was accepted everywhere cards were accepted, with no fees whatsoever. Plus, it’s got 2% back. Great card overall.

Reply

August 22, 2019 1:05 pm

SBL

The paypal card has 2 options when payment is due, 2nd of month or 16th. That can be limiting depending on your situation.

Reply

August 22, 2019 1:17 pm

Applepie

I did not know that. The one serious con I do know it has, is that there is no app, and you have to go through PayPal/Synchrony’s website to pay it off.

Reply

August 22, 2019 3:06 pm

Michael

Another cool looking plastic that doesn’t really compete with the credit card cashback offers, uber 3%? really, i use lyft and i save instantly 5%

You’ll note that it doesn’t say not to keep the card in a leather wallet. It simply warns users that some fabrics, “like leather and denim,” can cause discoloration. This is true for ANY card made of titanium, whether or not the card has an Apple logo.

If you don’t care about the staining, then it doesn’t matter how you store it.

Of course, if Apple hadn’t issued that warning, then the press (and Apple haters) would have a field day when people started whining about their discolored titanium cards.

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